Whois & Analysis for decred.org

Digital currency or digital money is distinct from physical (such as banknotes and coins) that exhibits properties similar to physical currencies, but allows for instantaneous transactions and borderless transfer-of-ownership.

Both virtual currencies and cryptocurrencies are types of digital currencies, but the converse is incorrect.

Like traditional money these currencies may be used to buy physical goods and services but could also be restricted to certain communities such as for example for use inside an on-line game or social network.

Decentralization is the process of redistributing or dispersing functions, powers, people or things away from a central location or authority.

While centralization, especially in the governmental sphere, is widely studied and practiced, there is no common definition or understanding of decentralization.

The meaning of decentralization may vary in part because of the different ways it is applied.

Concepts of decentralization have been applied to group dynamics and management science in private businesses and organizations, political science, law and public administration, economics and technology.

Consensus decision-making is a group decision-making process in which group members develop, and agree to support a decision in the best interest of the whole.

Consensus may be defined professionally as an acceptable resolution, one that can be supported, even if not the "favourite" of each individual.

is defined by Merriam-Webster as, first, general agreement, and second, group solidarity of belief or sentiment.

It has its origin in the Latin word cōnsēnsus (agreement), which is from cōnsentiō meaning literally feel together.

It is used to describe both the decision and the process of reaching a decision.

Consensus decision-making is thus concerned with the process of deliberating and finalizing a decision, and the social, economic, legal, environmental and political effects of using this process.

Autonomy (Ancient Greek: αὐτονομία autonomia from αὐτόνομος autonomos from αὐτο- auto- "self" and νόμος nomos, "law", hence when combined understood to mean "one who gives oneself one's own law") is a concept found in moral, political, and bioethical philosophy.

Within these contexts, it is the capacity of a rational individual to make an informed, un-coerced decision.

It has been discovered by scientists that autonomy is human capacity to free will, the center for autonomy is completely independent from circumstance or environment.

From a sociological perspective, social norms are informal understandings that govern the behavior of members of a society.

Social psychology recognizes smaller group units, such as a team or an office, may also endorse norms separately or in addition to cultural or societal expectations.

In other words, norms are regarded as collective representations of acceptable group conduct as well as individual perceptions of particular group conduct.

They can be viewed as cultural products (including values, customs, and traditions) which represent individuals' basic knowledge of what others do and think that they should do.